All expenses are paid by the IRA and all income flows back to the IRA.

Rates in the high 4's You need liquid money- checking, savings, CD get 30% haircut 401k/IRA/stock perhaps 35-40  depending on your age

I took the money and put it in a standard IRA.

Be also aware, that non recourse loans are very valuable to IRA and 401k investor as they can't use recourse loans.

For some those numbers could be very realistic they live in a very low priced market were they can buy a primary home for 150 to 250k and live a modest lifestyle dont have a bunch of kids are not saving for collage educations and currently have never paid for their own health insurance or 100% funded their own IRAs every year etc etc.

As a military guy and Ramsey-fan I would still encourage you to invest in a Roth IRA every year even while getting into REI. 

That's actually the cheapest out of pocket offer for me that I made, plus it gives me a higher basis in the property as well.Next, I called a financial friend and she gave me 10K from her IRA for an Option to have 20% of the equity and cashflow from this property.

After that, I would contribute 20% of my pay to retirement(that means 401k and IRA) and continue to put 5% monthly into your savings account.

Hello everone,Can I use My IRA/401K as an down payment, if so how much is allowed and are there penalties involved.

I just lent out of my self-directed IRA to someone for 6 months.